What Is a High-Risk Business Loan?

What Is a High-Risk Business Loan?

High-risk business loans are loans that are extended to a business with poor credit, low annual revenue, and little to know business history. Depending on the situation, the lender will assume more risk with working with that person or entity.

Advantages and Disadvantages of Business Debt Consolidation

Advantages and Disadvantages of Business Debt Consolidation

It might be worth considering a business debt consolidation if you are carrying multiple business loans. It is a great way to streamline your debt repayment into a single monthly payment, ideally at a lower interest rate. It can make repaying business debt more affordable and manageable, especially if you are consolidating high interest forms of financing credit cards, lines of credit or merchant cash advances.

How to Prepare Your Business for a Recession

How to Prepare Your Business for a Recession

In order for your company to survive a recession is to be prepared ahead of time. However, there are very few companies that ever prepare for a recession while things are going well which is a big mistake. Most people prepare when it is too late. This delay limits their choices. It forces companies to make rash decisions in response to worsening conditions. Those decision can have a long-lasting negative consequence.

Why Do Companies Use Factoring?

Why Do Companies Use Factoring?

Factoring helps companies that have slow-paying clients. If your company cannot wait 30 to 60 days or more to get paid by clients, factoring comes in handy for that. Factoring your invoices gives the cash that you need to use to run your business. Companies often use the funds from factoring to pay employees and suppliers, build inventory, cover tax expenses, start new projects, get more clients and more.

Cash Flow Rules to Live By

Cash Flow Rules to Live By

Every business needs cash. One of the most common business failures is the lack of cash a business has and also because of poor cash management. Cash problems can kill business that would have survived otherwise.

How to Improve Your Chances of Getting Funded

How to Improve Your Chances of Getting Funded

If you plan to obtain funding, you should start with a solid business plan. If your business plan is convincing, then your chances of obtaining funding are greatly enhanced. Lenders and investors want to see proof that customers want your product or service and are willing to buy it for a price at which you can make a profit. The more tangible evidence you offer of this claim, the better chance you have.

Do You Actually Need Funding for Your Business?

Do You Actually Need Funding for Your Business?

Most businesses need financing or will need financing at some point. Cash flow is different from profits, so profits do not guarantee money in the bank. There’s financing needed to manage starting costs, inventory, waiting to get paid, and other factors.

What You Need to Know About Securing Venture Capital Funding

What You Need to Know About Securing Venture Capital Funding

You have probably heard of the term “venture capital” before but you might not be one hundred percent sure on what it means. It is an investment method that can help you to get your startup off the ground. You can also use it if your company exists already, but you are trying to expand and take things to the next level.

How to Deal with Rejection by Investors

How to Deal with Rejection by Investors

You took the time to develop a plan and submitted it to investors. You are comfortable with the plan, but several investors have declined you.

The Basics of Evaluating a Loan Offer

The Basics of Evaluating a Loan Offer

So, you have applied for financing and have received a preapproval or an offer letter but how do you know if that funding option is right for you? Taking out a small business loan is a big decision that should be taken seriously. Today we will go over how to evaluate a loan offer, so you make the best decision for your business.